LOL @ NFLX CONFERENCE CALL

So the CEO did a cowardly Q and A with his secretary, then moved onto live calls. You’d think following a fucking 70%+ decline in the stock price, some analyst or shareholder would care to vent? Nope. Luckily for Reed, the fucking technical difficulties resulted in no more than 1 question, whereby he congratulated himself for asking himself so many poignant questions. Seemingly, Reed or Reid believed he did such a great job, no one needed to ask him anything.

Have a listen to this preposterous conference call format.

NFLX Cowards by The_Real_Fly

Link to hell.

Link to Apple version of hell.

Enjoy at 6:00 pm eastern

Reports Q3 (Sep) earnings of $0.60 per share, excluding $0.09 in items, $0.03 better than the Capital IQ Consensus Estimate of $0.57; revenues fell 7.3% year/year to $3.47 bln vs the $3.31 bln consensus. Co issues guidance for Q4, sees EPS of $0.43-0.51, excluding $0.15 in non-recurring items, vs. $0.54 Capital IQ Consensus Estimate; sees Q4 revs of $3.26-3.54 bln vs. $3.32 bln Capital IQ Consensus Estimate. TI’s third-quarter 2011 gross profit and operating profit were negatively impacted by costs associated with lower levels of factory utilization in the quarter as the company lowered production in response to weaker demand, as well as charges for inventory obsolescence on certain custom programs. These were partially offset by a net benefit resulting from proceeds from ongoing insurance claims associated with the March earthquake in Japan. The company used $450 million in the quarter to repurchase 14.1 million shares of its common stock and paid dividends of $148 million. “Our revenue for the third quarter was higher than we expected though, overall, the quarter was below the seasonal average. We expect the same in the fourth quarter as economic uncertainty continues to weigh on demand in almost every major market segment in which we operate. We are well prepared to continue to gain share in our core businesses, no matter the economic conditions.”

Reports Q3 (Sep) earnings of $0.09 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus Estimate of $0.10; revenues fell 8.1% year/year to $2.44 bln vs the $2.49 bln consensus. Co issues downside guidance for Q4, sees Q4 revs of $2.15-2.30 bln vs. $2.55 bln Capital IQ Consensus Estimate. Regarding guidance, co said, “Reflecting both revenue and a higher level of unsaturation at our facilities as we make further adjustments to reduce inventory, we anticipate a gross margin range of about 33.5%, plus or minus 1.5 percentage points. We anticipate that 2011 will still be a year of revenue and operating income growth in several businesses, in particular Automotive and MEMS, despite the weaker second half. As evidenced by our year-to-date results, we continue to build on the progress achieved over the course of the last two years in expanding our customer base, introducing new products and focusing on our target growth markets.”

The Death of a brand.

The stock is trading at $85, down from a close of $118.84.

Reports Q3 (Sep) earnings of $1.16 per share, $0.22 better than the Capital IQ Consensus Estimate of $0.94; revenues rose 48.6% year/year to $822 mln vs the $812.9 mln consensus. NFLX reports Q3 net subscribers of 23.79 mln vs approx 24 mln guidance. Total U.S. Subscribers is 23.79 mln up 42% y/y. Net Sub additions falls -0.81 mln down 145% y/y. Co issues downside guidance for Q4, sees EPS of $0.36-0.70 vs. $1.09 Capital IQ Consensus Estimate; sees Q4 revs of $841-875 mln vs. $923.19 mln Capital IQ Consensus Estimate.

Says DVD subs in Q4 will decline sharply which is reflected in guidance due to price change. Weekly rate of DVD cancellations is shrinking; expect future cancellation rates to shrink more modestly. Says that streaming net additions will be negative in october due to the cancellation wave. Expect levels to be flat in November. Overall expect slightly negative streaming net sub additions in Q4. Expects to double spending on content in 2012 from 2011.

Ny Fed Dudley said “QE3 is a possibility.” As a result, copper is up 6.5% and oil is up almost 4%.

ORCL for RNOW.

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All praise the Occupy Wall Street movement, man!

Germany says nein.

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He left behind an estimated $200 billion. I am sure it could come in handy right about now.

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Idiots.

Most agree 60% is the target number. However, the banks say 40. They are trying to avoid triggering CDS.

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An eviction notice for their vagrancy was served today.

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Last night’s General Assembly meeting in Zuccotti Park was “one of most contentious ever,” in large part due to a heated debate over whether the drummers at Occupy Wall Street should be given $8,000 from the movement’s coffers to buy more drums and equipment. It seems some of the drums were stolen or vandalized, and the drummers asked the General Assembly to help them regroup. “We have worked for you! Appreciate us,” one drummer told the crowd, but the appeal was denied, and the Huff Post’s Craig Kanalley tweeted, “Drummer who didn’t get money from GA tonight now yelling, cursing at members of GA.” Meanwhile, another member of the drum corps was lashing out at the Community Board meeting.

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The inevitable raids on their stuff by homeless addicts vomiting their way across the makeshift camps has already given rise to a kind of Occupy camp security, the most basic duty of a government. And note, one that isn’t being performed well on our border, but the Occupiers don’t care about that.

Next will come a kind of feudalism, as various Occupation (without vocation) voices vie for power and control and minions form factions. And after that, the revolution will become just another institution. That’s the arc of history, being played out by college students who probably don’t even know enough history to be able to grasp the irony of it all.

Until the Occupiers vault from their primitive state to a Leninist oligarchy (a process which should take another week or so), supposing they don’t just dissolve once they realize that camping out in urban parks paid for by others is no way to go through life or feed yourself, let’s enjoy their principled devotion to Luddism. The Occupiers apparently don’t like modern sound amplification equipment. Maybe because they’re taking a principled stand against the corporations that manufacture speakers and wire. Maybe it’s because they’re objecting to the non-green sources of electricity that such equipment demands. Maybe they’re still mad at Bob Dylan’s Woodstock set. Or maybe it’s because they couldn’t get their billionaire backers to spring for the speaker rental fees and power lines. Who knows, and who cares, really? When the attitude and the moment produce an anvil chorus of Commies cheerfully, mindlessly aping whatever an aging radical hippie professor says to them, it’s gold. It’s also a mild form of brainwashing, which uses the pressure of the group and chant to create and enforce conformity.

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The drummers claim that the finance working group even levied a percussion tax of sorts, taking up to half of the $150-300 a day that the drum circle was receiving in tips. “Now they have over $500,000 from all sorts of places,” said Engelerdt. “We’re like, what’s going on here? They’re like the banks we’re protesting.”

All belongings and money in the park are supposed to be held in common, but property rights reared their capitalistic head when facilitators went to clean up the park, which was looking more like a shantytown than usual after several days of wind and rain. The local community board was due to send in an inspector, so the facilitators and cleaners started moving tarps, bags, and personal belongings into a big pile in order to clean the park.

But some refused to budge. A bearded man began to gather up a tarp and an occupier emerged from beneath, screaming: “You’re going to break my fucking tent, get that shit off!” Near the front of the park, two men in hoodies staged a meta-sit-in, fearful that their belongings would be lost or appropriated.

Daniel Zetah, a 35-year-old lead facilitator from Minnesota, mounted a bench. “We need to clear this out. There are a bunch of kids coming to stay here.” One of the hoodied men fought back: “I’m not giving up my space for fucking kids. They have parents and homes. My parents are dead. This is my space.”

Other organizers were more blunt. “If you don’t want to be part of this group, then you can just leave,” yelled a facilitator in a button-down shirt, “Every week we clean our house.” Seth Harper, the pro-drummer proletarian, chimed in on the side of the sitters. “We disagree on how we should clean it. A lot of us disagree with the pile.” Zetah, tall and imposing with a fiery red beard, closed debate with a sigh. “We’re all big boys and girls. Let’s do this.” As he told me afterwards, “A lot of people are like spoiled children.” The cure? A cold snap. “Personally, I cannot wait for winter. It will clear out these people who aren’t here for the right reasons. Bring on the snow. The real revolutionaries will stay in -50 degrees.”

“The sunshine protestors will leave,” said “Zonkers,” a 20-year-old cleaner and longtime occupier from Tennessee. (He asked that his name not be used due to a felony marijuana conviction.) “The people who remain are the people who care. You get a lot of crust punks, silly kids, people who want to panhandle … It disgusts me. These people are here for a block party.”

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Brian Sullivan from CNBC reported the million dollar contest was suspended due to a “technical glitch” with currency issues that was exploited by some users to jump to the top of the list.

ROFL.

In other words,  they got hacked and/or were incredibly inept in forming this contest. This should have been dealt with before the contest commenced, obviously. As a result, ALL ACCOUNTS WIILL BE RESET and trading will resume 10/30.

No. Ticker % Change
1 CDTI 21.00
2 STX 20.36
3 SYNA 18.43
4 CYDE 18.18
5 NEXS 17.97
6 CDZI 15.68
7 ZLC 14.90
8 LPL 13.81
9 TPLM 13.71
10 DAC 13.04
11 GMR 12.00
12 HAR 11.69
13 ARTW 11.51
14 NBG 11.25
15 CWTR 10.99
16 FLEX 10.88
17 PGI 10.88
18 URZ 10.75
19 FEED 10.67
20 LYB 10.62
21 ALTR 10.60
22 EDMC 10.41
23 YRCW 10.00
24 MELI 9.84
25 AH 9.75
26 XXIA 9.66
27 SPMD 9.35
28 SYMX 9.21
29 HIMX 9.00
30 ATHX 8.89
31 CHMT 8.75
32 XG 8.71
33 SIVB 8.48
34 STVI 8.48
35 SPF 8.31
36 LIME 8.28
37 CETV 8.16
38 USG 8.10
39 VALV 8.05
40 HNR 7.80
41 ACTG 7.69
42 AVII 7.67
43 SCSS 7.62
44 TEN 7.62
45 SNDK 7.41
46 BWEN 7.41
47 GA 7.39
48 PHM 7.28
49 RYL 7.26
50 HDY 7.19
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No. Ticker % Change
1 APKT -15.55
2 CALX -11.31
3 MTG -9.43
4 RSOL -9.28
5 DGLY -8.99
6 CPWR -8.14
7 FSL -7.86
8 KBX -7.30
9 MSHL -7.03
10 FACE -6.96
11 BGMD -6.89
12 ALTH -6.85
13 CPHD -6.85
14 KIPS -6.51
15 NGSX -6.42
16 CMM -6.40
17 CKH -6.38
18 SRT -6.32
19 OINK -6.21
20 PWAV -6.13
21 RRR -6.09
22 STI -6.09
23 LEXG.OB -6.04
24 UCFC -5.98
25 ADAT -5.97
26 QMM -5.88
27 CIIC -5.84
28 MBFI -5.54
29 ONSM -5.48
30 WEBM -5.45
31 KUTV -5.32
32 REDF -5.22
33 VTRO -5.15
34 XNY -5.00
35 IVAC -4.98
36 RDN -4.94
37 REFR -4.94
38 CRIC -4.90
39 CHC -4.90
40 TBSI -4.87
41 INFA -4.76
42 SCEI -4.59
43 VSCP -4.59
44 CTFO -4.53
45 PURE -4.35
46 MGH -4.35
47 XPL -4.27
48 BAS -4.26
49 BTFG -4.19
50 PULB -4.13

Europe, Copper, Oil, Gold, Silver, Crazy, Banks, Tech. You name it, it’s up.

In 1997 when Jobs became CEO of Apple again, Dell suggested Steve should “give the money back to the shareholders.” Jobs responded to Dell in an email, writing, “CEOs are supposed to have class […] I can see that isn’t an opinion you hold.”